7/15/2008 @ 12:00PM

In Pictures: World's Most Economically Powerful Cities

New York, N.Y.

GDP (2005): $1.13 trillion

GDP (2020): $1.56 trillion

Growth rate: 2.2%

MasterCard ranking: 2

Population (2007): 19,040,000

Purchasing power: 100%

In absolute terms, the economy of New York City is second only to Tokyo. In fact, there are only 14 countries in the world with bigger economies than New York. And though the city has a reputation for a high cost of living, the average New Yorker can buy more than counterparts in London, Paris, Tokyo and Hong Kong.